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Cyanogen Announce Foxconn As Their Latest Investor

May 12, 2015 - Written By John Anon

Over the last few weeks and months, Cyanogen have been very firmly in the limelight within the tech world. This is partly due to their OnePlus association but also for their developments with their two variant OSes, CyanogenMod and Cyanogen OS. In term of the latter, this is more better known as their commercial OS which comes preinstalled on devices at the point of purchase. For instance, the OnePlus One or the Yureka by YU.

Well, part of the company’s recent commercial strategy involved a series of rounds of funding where the company is looking to find ‘similar-minded‘ investors who are looking to push forward with the same type of openness of the android ecosystem as Cyanogen themselves. In fact, one of the most highly reported on aspects of Cyanogen in recent months was the suggestion that Microsoft was planning to invest in the company. This sent the rumor mill into overdrive with many assuming the two were planning on some sort of partnership. However, the results of the latest round of funding became clear and it was then obvious that Microsoft had not invested in Cyanogen. However, a number of high profile companies were noted as investors, including the likes of Twitter and Qualcomm.

Well, on the point of funding, Cyanogen have announced today that Foxconn are one of the latest companies to have now invested in Cyanogen. The announcement (source link below) does not provide too much information beyond the confirmation of the investment, however, it is likely to fuel more speculation as Foxconn do have mobile interests of their own. That said, the announcement does further highlight Cyanogen’s view of like-mindedness of the companies they are seeking investment from. According to Kirt McMaster, Cyanogen CEO, “Foxconn and our diverse group of strategic investors and partners reflect the mobile value chain, from device manufacturers and mobile network operators to chipset makers and 3rd party developers. They see the great potential of what we’re doing in creating the next major paradigm shift in mobile computing.” Those interested can read the full press release by clicking the source link below.